Harbour Capital Advisors LLC Cuts Stock Holdings in Gold Fields Limited (NYSE:GFI)

Harbour Capital Advisors LLC cut its position in shares of Gold Fields Limited (NYSE:GFI) by 8.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 56,310 shares of the company’s stock after selling 5,075 shares during the period. Harbour Capital Advisors LLC’s holdings in Gold Fields were worth $850,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GFI. First Eagle Investment Management LLC acquired a new stake in shares of Gold Fields during the 1st quarter valued at about $85,326,000. Van ECK Associates Corp grew its holdings in Gold Fields by 6.6% in the first quarter. Van ECK Associates Corp now owns 47,241,502 shares of the company’s stock valued at $750,667,000 after purchasing an additional 2,934,943 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Gold Fields by 145.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,129,278 shares of the company’s stock valued at $16,329,000 after buying an additional 669,819 shares in the last quarter. South Street Advisors LLC purchased a new stake in shares of Gold Fields in the first quarter valued at approximately $9,260,000. Finally, Mackenzie Financial Corp raised its stake in shares of Gold Fields by 28.7% during the 2nd quarter. Mackenzie Financial Corp now owns 2,609,289 shares of the company’s stock worth $38,878,000 after buying an additional 581,730 shares during the period. Institutional investors and hedge funds own 26.02% of the company’s stock.

Gold Fields Price Performance

Shares of GFI opened at $17.24 on Friday. The firm has a 50-day simple moving average of $15.12 and a two-hundred day simple moving average of $15.82. The stock has a market cap of $15.43 billion, a PE ratio of 9.03, a P/E/G ratio of 0.52 and a beta of 1.18. Gold Fields Limited has a 1-year low of $12.19 and a 1-year high of $18.97.

Gold Fields Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, September 13th were paid a $0.1692 dividend. The ex-dividend date was Friday, September 13th. This represents a dividend yield of 2.2%. Gold Fields’s dividend payout ratio (DPR) is 14.14%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on GFI. StockNews.com raised shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 25th. Bank of America began coverage on Gold Fields in a research report on Monday, September 16th. They set a “buy” rating and a $16.00 price objective on the stock. JPMorgan Chase & Co. reduced their target price on shares of Gold Fields from $17.50 to $16.70 and set a “neutral” rating on the stock in a research note on Wednesday, July 3rd. Scotiabank dropped their price target on shares of Gold Fields from $18.00 to $17.00 and set a “sector perform” rating for the company in a research note on Monday, August 26th. Finally, BMO Capital Markets upgraded shares of Gold Fields from an “underperform” rating to a “market perform” rating and raised their price target for the stock from $13.50 to $14.00 in a report on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $15.93.

Gold Fields Company Profile

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.